China warns of ‘trade war’ with United States

A top Chinese official warned Sunday that a “trade war” would harm all sides but gave no indication of Beijing’s possible next move in a spiraling dispute with President Donald Trump over steel and technology. Speaking to global business leaders at a development forum, Vice Premier Han Zheng appealed for cooperation to make economic globalization “beneficial for all.” “A trade war serves the interests of none,”

Han said at the China Development Forum. “It will only lead to serious consequences and negative impact.”Han didn’t mention Trump by name or refer directly to the dispute with Washington, but the country’s newly appointed economy czar warned Saturday that Beijing will defend its interests. The government issued a $3 billion list on Friday of U.S. goods including pork and stainless steel pipes it said might be hit by higher tariffs. READ MORE